SIVB went bananas with its lending following the pandemic courtesy of
all the bail-out/ stimulus money. SIVB was the bank for:

1) Some 1,500 climate and energy-tech companies.

2) More than 60% of all community-based solar financing.

3) Countless “woke” programs that financed politically-tied entities/ startups.

Look,
a bank can lend money to whoever it likes… but when you throw lending
standards out the window and start loaning money based solely on
political ideology (as opposed to whether or not the person/ business
could ever pay you back) it’s a recipe for disaster."

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Regards,

Russ